News Center

TRADE between Russia and China has increased so much in the first seven months - by 37 per cent year on year - that 150,000 empties have piled up in Russian depots, reports Bloomberg.

This is according to an analysis published by Container xChange, a Hamburg-based trading platform. The Kiel Trade Indicator also noted that Russian port activity had recovered close to pre-war levels.

"There is significant cargo movement from China into Russia, but very little movement back," said Container xChange CEO Christian Roeloffs.

This has a "tremendously detrimental impact on the business of container logistics because of the high imbalance of demand and supply", he said.

Earlier in September, Russia's Fesco Transport Group, signed agreements with Jilin Northeast Asia Railway and the Union of Chinese Entrepreneurs.

"The parties plan to monitor existing container shipping routes between Russia and China and jointly expand the pool of potential shippers in the China-Russia-China direction," said Fesco.